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No More Free Lunch Is the Big Change Under Way in the Oil Market

For years, investors have played Popeye to the energy industry's Wimpy.
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CNOOC Completes Test Runs at Huizhou Refinery in Guangdong - Report

CNOOC completed trial runs at its 200,000-bpd Huizhou refinery in the southern Guangdong province on Oct. 2, China Securities Journal reported on Monday.
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Total, Eni, Statoil Seek Buyers for N. Sea Teesside Terminal -Sources

The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million, according to the sources.
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Philadelphia-area Refiners Urge Trump to Reform Biofuels Program

The US renewable fuel program is pitting the oil industry against the powerful farm lobby.
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Oil Traders Hoard Less on Ships Near Singapore as Market Flips

One of the biggest stores of oil at sea is showing signs of emptying out.
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Buyers Eye Sinopec's Argentina Oil Assets in Sale Worth Up to $1B - Sources

Two sources said the Sinopec assets would be a tough sell.
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Statoil's Arctic, UK Drilling Campaigns Yield Disappointing Results

Norway's Statoil reported disappointing outcomes from three oil and gas exploration wells on Monday.
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Oil Dawdles Near $50 as Market Yawns at Efforts to Whittle Glut

Oil crept toward the $50-a-barrel mark after OPEC's chief dangled the possibility of prolonging supply curbs well into next year.
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Saudi Aramco Plans 'Mega Investment' in World's Top Oil Guzzler

The oil industry is pinning its hopes on India and China, together home to four of every 10 people in the world.
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Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister

Iraq's talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said on Monday.
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US Jobs Report: Mining Remains Steady

Despite a tumultuous hurricane season, oil and gas employment remains steady in September.
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Eni Bets Big on Zohr Explorer Finding New Treasure

The Zohr field off Egypt sits in an area that Royal Dutch Shell pored over for years.
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US Oil Drillers Cut Rigs for 4th Week in Five -Baker Hughes

The oil rig count fell by two to 748 in the week to Oct. 6, General Electric Co's Baker Hughes energy services firm said.
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Kemp: US Refiners Struggle to Keep Up with Demand for Distillates

Stocks have declined by 27 million barrels since the start of the year compared a 3 million barrel increase in the same period last year.
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India's Reliance Sells US Shale Asset for $126 Mln

Reliance bought the Marcellus asset in 2010 for $392 million.
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Most US Gulf Oil Output Offline Ahead of Tropical Storm Nate

Nate has already pushed nearly three times as much Gulf crude production offline as Hurricane Harvey did in August.
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Russia Plays Down US Sanctions Impact on Nord Stream-2 Gas Pipeline

A project official also said that Russia has an alternative route for the pipeline under the Baltic Sea bed if Denmark blocks the construction in its territorial waters.
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API Panel Member: Voluntary Methane Program Forthcoming

Shell exec who sits on API panel discusses voluntary program.
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IEnova Ups Stake in Major Mexican Natural Gas Pipeline

IEnova's indirect stake in the project known as Ramones II North will increase to 50 percent from 25 percent.
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Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan

The new terms will allow producers to be paid in oil and enable them to export or sell the barrels to local refineries, said Carlos Perez at a conference at Rice University in Houston on Friday.
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